Detached villa for sale in Calle Manuel de Falla, Orihuela

This is a unique capital release opportunity based on a beneficial ownership structure. The estimated value of the property is €195,000, with an attractive purchasing price of €107,250*, providing a substantial discount of 45% which includes buyer fees.

We present to you the beneficial ownership of this charming townhouse situated in a vibrant area. The current owners, aged 75 and 76, will retain the right to reside and enjoy the property for the remainder of their lives or a specified fixed period.

This arrangement allows for a distinctive investment proposition known as "nuda propiedad," or bare ownership. Essentially, it entails purchasing a property at a reduced price compared to its market value while understanding the dual rights involved: the usufruct right bestowed upon the seller, allowing them to live in and utilize the property, and the bare ownership acquired by the buyer, who must wait until the usufruct expires to occupy the property fully.

By employing this method, you secure a stake in the property's future value at a lower entry cost, all the while enabling the seller to enjoy continued use. This offers a great pathway into the real estate market or serves as a mid-term investment strategy.

The townhouse features 3 bedrooms and 2 bathrooms, plus a convenient guest toilet on the ground floor, and is strategically located near local amenities. The renowned Villamartín golf course and the picturesque La Zenia beach and Boulevard are just a short drive away.

On the ground floor, you will find a spacious living room with double doors opening to a rear balcony that leads into a lovely garden. The separate kitchen includes a laundry room, while elegant stairs from the living area ascend to the first floor, where bedrooms offer direct access to a balcony. Climbing one more level, a generous rooftop solarium invites stunning views of the surrounding landscape.

This property also includes a substantial subterranean space, enhancing its value as a mid-term investment opportunity. Built in 1987, the constructed area measures 98m², with a plot size of 137m² and a yearly maintenance fee of €300.

Both buyer and seller will be secured by comprehensive contracts and agreements, solemnized by the Spanish public notary and the property registry, ensuring a smooth and transparent transaction process.